[Tfug] OT: Bailout Bill

[Joshua Zeidner]

On Thu, Sep 25, 2008 at 10:31 AM, Christopher Robbins
<robbinsc at gmail.com> wrote:
>
>
> On Thu, Sep 25, 2008 at 10:09 AM, Joshua Zeidner <jjzeidner at gmail.com>
> wrote:
>>
>>  Judd,
>>
>>  that is exactly the 'moral hazard' at stake.
>>
>>  for the past 8 years we've been sold this line where if we are good
>> little capitalists, the system will work for us.  It was all about the
>> raw markets we were told.  The wealth will come around.
>
> There's an interesting book that (sort of) relates to this - Naomi Klein's
> The Shock Doctrine - http://en.wikipedia.org/wiki/Shock_Doctrine
> Confusing to me in all of this is how sudden this became a priority.


  strange it should come right before the election.  funny that.  jmz




>  All of
> a sudden
> if we didn't pass this bill WITHOUT oversight, then the whole economy would
> fall into shambles.  It's almost Friday, and we're still afloat (for now).
>  I'm supposed
> to trust the Bush Administration and his people on the urgency of this
> situation?
> I'm supposed to trust them with $700 BILLION, with no strings attached?!?
>  These are
> the same guys who told us Iraq had weapons of mass destruction and they were
> going
> to attack us in an instant.
>
> It's not my fault the bankers screwed up big with mortgage-backed
> securities.  And I don't
> see why I, as a younger taxpayer, should have to bear the burden of a
> bailout plan like
> this.  It won't be the older folks on this list who get burned, but I and my
> children will have
> to bear this debt....And not just this mortgage-securities crisis either;
> everyone from the
> auto industries to the airlines has lined up to Congress with an open hand
> asking for a
> bailout.
> I don't understand why we couldn't have gotten a better solution together
> that doesn't
> involve us bailing out these industries without a giant line of credit like
> this and
> without any sort of oversight.  And if we're going to bail out the bankers,
> why don't
> we help the home-owners too?  You could argue that these people got
> themselves
> into this mess, but hey - so did the bankers, right?
>>
>>  then, suddenly the big shots screw up.  and start singing the
>> socialism tune.
>
> It's a bit funny to see these Republican free-marketeers
> suddenly start praising a bailout that goes exactly against the idea
> of fiscal conservatism that they so often preach.
>
>>
>>  Its robbery.
>
> Indeed it is.
>
>   - Chris
> --
> Christopher P Robbins
> Systems Programmer
> Department of English - University of Arizona
> 1423 East University Blvd.
> Modern Languages, Bldg. 67, Room 422
> Tucson, Arizona 85719
> Phone: (520) 621-3496
> Email: robbinsc at gmail.com
>
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-- 
"I know not with what weapons World War III will be fought, but World
War IV will be fought with sticks and stones." --Albert Einstein

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